You plan to invest an amount of money in a five year certificate of deposit at your bank. the stated interest rate applied to the CD is 12% compounded monthly. How much do you have to invest to bring the balance in the CD account to $8,500 in five years? Need the exact amount in dollars and cents.
0 0 Sophia Sophia2016-10-01 16:36:132016-10-01 16:36:13Future Value of a 5 year Certificate of deposit